AARP.....
"According to AARP's 2008 Consolidated financials, it was paid
$652,000,000 in royalties from insurance companies that sold products referred by AARP.
AARP also received an additional
$120,000,000 for the advertisements placed in its publications."
......
Health insurance
Approximately seven million people have AARP branded health insurance, including drug coverage and Medigap, as of April 2007 and AARP earns more income from selling insurance to members than it does from membership dues.
In 2008, AARP plans to begin offering several new health insurance products: an HMO for Medicare recipients, in partnership with UnitedHealth Group; and a PPO and "a high-deductible insurance policy that could be used with a health savings account" to people aged 50–64, in partnership with Aetna.
AARP will likely become the largest source of health insurance for Medicare recipients, and AARP estimates the new products will increase its health insurance customers to 14 million by 2014.
AARP is not an insurer and does not pay insurance claims. Instead, AARP allows its name to be used by insurance companies in the sale of insurance products,
for which it is paid a commission like an insurance agent.
Senator Charles E. Grassley... Senate Finance Committee, said in 2008 that the "limited benefit" insurance plans offered by AARP through UnitedHealth
provided inadequate coverage and were marketed deceptively. One plan offered $5,000 for surgery that may cost two or three times that amount.......
AARP - Wikipedia, the free encyclopedia AARP - Wikipedia, the free encyclopedia
"
Tax-exempt organizations are prohibited generally from providing unreasonable compensation to executives, board directors, and, in some cases members. AARP generally compensates their executives more generously than similary situated non-profits surveyed.
For example, in 2009, then-AARP CEO William Novelli received $1,647,419 in total compensation, including a severance payment of $350,657......."
http://waysandmeans.house.gov/upload...df_3_29_11.pdf
CEO Pay Watch: Stephen Hemsley of United Health Group
UnitedHealth Group Inc.
Stephen Hemsley, president, CEO
Total compensation: $34,721,122 for the year ended Dec. 31
Salary: $1,300,000
Non-equity incentive pay: $5,300,000
Other compensation: $287,443
Exercised stock options: $12,488,010
Value realized on vesting shares: $15,345,669
CEO Pay Watch: Stephen Hemsley of UnitedHealth Group | Star Tribune
AARP: Advocacy Group or Crony Capitalists?
AARP: Advocacy Group or Crony Capitalists? | Capital Research Center